Portsmouth chief executive Peter Storrie claims that the club should be allowed to sell players outside the transfer window in order to avoid bankruptcy.
Pompey have asked the Premier League to allow the stricken South Coast outfit to sell players in a bid to ease their debts.
The club handed over a statement of their financial affairs to the High Court this week as they continue to try and fight a winding up order lodged by Her Majesty’s Revenue & Customs.
But the club have numerous other debts to pay and chief executive Storrie admits that being allowed to sell players could save them.
“Of course we don’t want to sell any more players, but we have no choice,” said Storrie.
“Avram Grant still believes he can keep us up, so he doesn’t want to sell any more players.
“But if it’s a question of survival or selling, there clearly is no choice. We have some immediate cash flow issues to resolve.”